Sustaining Growth

 

 

We are a global branded food and beverage company that caters to today’s consumer needs for premium quality, healthy products.

 
 
 
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As a food company, Del Monte Philippines remains committed to sustaining its future for its consumers, host communities, business partners, employees, and shareholders in a holistic way, the Triple Bottom Line – people, planet, and performance.

The economic impact of DMPI extends beyond its approximately 4,200 regular employees. In addition, there are about 12,200 employees of service providers who work in all areas of the Company’s operations.

The Company’s pineapple plantations in the southern Philippines encompass one city and 12 municipalities in Bukidnon and one city and six municipalities in Misamis Oriental, Mindanao. An estimated 20,000 families or approximately 100,000 individuals directly or indirectly depend on the Company including those of fruit growers, truckers, harvesters, and maintenance crews.

 
 
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S&W fresh pineapples

 

Our Performance

 

 

 

“If you always do what you always did, you will always get what you always got.”

Albert Einstein

For FY2018, the Company generated sales of PhP 27.6 billion in the financial year ending April 2018 (“FY2018”).

About two-thirds of DMPI’s sales are in the core Philippine market, and the balance in exports which gives the Company a natural hedge against the US dollar. Sales in the Philippines expanded by 5% to PhP 17.2 billion, offsetting the marginal 2% decline in export sales to PhP 10.6 billion, resulting in a 3% growth in total DMPI sales. DMPI maintained its dominant market position in the Philippines in categories it competes in.

Brands Philippines

In the past three years since DMPI generated sales of PhP 22 billion in FY2015, sales have grown to PhP 27.6 billion at a compounded annual growth rate of 7.9%, higher than GDP growth. The Company expanded sales in the Philippines across all categories led by culinary, followed by beverages and packaged fruits, as well as channels led by foodservice, followed by modern trade and general trade.

From a net income of PhP 1.1 billion in FY2015, its earnings have significantly increased by PhP 1.5 billion to PhP 2.6 billion in the past three years at a compounded annual growth rate of 31%. The Company achieved this through improvement in gross profit from higher sales volume, margin increase from the Philippine market, a higher mix of fresh pineapple sales under S&W, aided by the weak peso versus the US dollar, revaluation of biological assets, improving operational efficiency and cost management.

  1. The Company believes its presence has contributed significantly to the region’s economic growth, creating a multiplier effect on the local economy by fueling local business, supporting the Company’s operations, and serving the day-to-day needs of its employees and their families. In order to sustain economic growth, the Company continued operating as an essential industry to meet surging demand while ensuring the safety of its employees and workforce throughout COVID-19 and beyond.

  2. The Company seeks to strengthen its product offerings and enter new categories by focusing on business segments that are on-trend and innovate in pursuit of health and wellness to address consumer needs.

  3. DMPI will grow its branded business while reducing non-strategic business segments. It will build its distribution in emerging channels and continue to leverage fast-growing e-commerce opportunities, especially amidst the lockdown.

  4. DMPI leads in market share position in major categories in which it competes and has the number one market position in the Philippines across various categories in the year ended April 30, 2020, according to GlobalData.
 
 
 
 
 
 
 
 
 
 
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Loading of Del Monte products for export

 

Responsible Sourcing Practices

 

 

 

 

As a food company, Del Monte Philippines remains committed to sustaining its future for its consumers, host communities, business partners, employees, and shareholders in a holistic way, the Triple Bottom Line – people, planet, and performance.

The economic impact of DMPI extends beyond its approximately 4,200 regular employees. In addition, there are about 12,200 employees of service providers who work in all areas of the Company’s operations.

The Company’s pineapple plantations in the southern Philippines encompass one city and 12 municipalities in Bukidnon and one city and six municipalities in Misamis Oriental, Mindanao. An estimated 20,000 families or approximately 100,000 individuals directly or indirectly depend on the Company including those of fruit growers, truckers, harvesters, and maintenance crews.

  1. DMPI acknowledges the importance of building a strong partnership and healthy relationship with its suppliers. The Company conducts business with its customers on the basis of integrity, mutual interest, and fairness.

  2. The Company performs periodic audits of contract manufacturers and suppliers. Some independent and unannounced audits check quality assurance and compliance.

  3. In selecting suppliers, DMPI uses its Supplier Quality Management Program which assesses the quality and delivery performance, feedback, continuous improvement program for all material suppliers and toll manufacturers.

  4. The objective of the program is to align DMPI’s quality parameters with that of suppliers, provide suppliers with performance scorecards, classify suppliers into certified, preferred, approved, and conditional suppliers, and align suppliers with DMPI’s goals that will support growth in the next five years. The program helps determine the allocation of the Company’s requirements to suppliers.

  5. The suppliers are rated based on quality performance, delivery performance, and competitiveness.
 
 
 
 
 
 
 
 
 
 
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